Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week.
The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69.
Source : AFP

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day.
The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around...

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente.
West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to...

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of 0.2%. On a yearly basis, retail sales grew by 4.1%.
Total sales for the June 2019 through August 2019 period were up 3.7% from the same period a year ago. The June 2019 to July 2019 percent change was revised from up 0.7% to up 0.8%, the publication further revealed.
The initial market reaction helped the USD recover a small portion of its recent losses and the US Dollar Index was last down 0.22% on the day at 98.15.
Source: FXStreet

The data published by the U.S. Bureau of Labor Statistics on Wednesday revealed that inflation, as measured by the Consumer Price Index (CPI), fell to 1.8% in May from 2% in April and fell short of the market expectation of 1.9%. With the initial reaction, the US Dollar Index extended its losses and was last down 0.1% on the day at 96.63. On a monthly basis,
Further details of the report showed...

The Office for National Statistics (ONS) showed on Tuesday, the UK's average weekly earnings, excluding bonuses, bettered expectations, arriving at 3.4% 3m y/y in April versus 3.3% last and 3.1% expected while the gauge including bonuses came in at 3.1% 3m y/y in April versus 3.3% previous and 3.0% expected.
The Kingdom's official jobless rate steadied at 3.8% in April, while the claimant count...

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing sluggishness in the month of April.
Manufacturing output arrived at -3.9% m/m in Apr versus 0.2% expectations and 0.9% booked in Mar, while total industrial output came in at -2.7% vs. 0.1% expected and 0.7%...

The U.S. created just 75,000 new jobs in May and employment gains in the prior two months were scaled back, offering more evidence that the economy is slowing.
The unemployment rate was flat at 3.6%. The increase in new jobs was way below the 185,000 MarketWatch forecast. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.83 an hour. Yet the 12-month rate of hourly wage...

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trumps tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods.
The deficit in goods and services shrank to $50.8 billion, nearly in line with economist estimates, from a revised $51.9 billion the prior month,...

U.S. service industries expanded at the best pace since February amid a rebound in employment, a signal of labor- market strength before the governments jobs report due Friday.
The non-manufacturing index rose to 56.9 in May, according to an Institute for Supply Management survey Wednesday that topped almost all economist estimates in Bloombergs survey. Three of four...

Australia's consumption, as represented by retail sales, dropped in the month of April, missing estimates by a big margin, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.1 percent month-on-month, compared to the forecast of +0.2 percent and down from previous month's reading of +0.3 percent.
œThe trend estimate rose 0.2% in April 2019. This...

The Institue for Supply Management's (ISM) latest Manufacturing PMI came in at 52.1 in May following April's 52.8 reading and fell short of analysts' estimate of 53 to show an expansion in the manufacturing business activity at a slower pace than expected.
The New Orders Index registered 52.7%, an increase of 1 percentage point from the April reading of 51.7%.
The Production Index registered...

Hong Kong stocks finished Friday with a flourish as investors were cheered by easing tensions in the China-US trade row while also betting on another interest rate cut by the Federal Reserve next week.
The Hang Seng Index jumped 0.98 percent, or 265.06 points, to 27,352.69.
Source : AFP

U.S. stocks closed mostly lower on Friday after easing trade tensions and central bank policy moves briefly buoyed investor sentiment earlier in the day.
The S&P 500 was down less than 0.1% to end near 3,007. The Dow Jones Industrial Average advanced 36 points, or 0.1%, to finish around...

Oil futures finished lower on Friday, with both U.S. and international benchmark crude posting sizable weekly falls as worries about the prospect of rising inventories appeared to overshadow a U.S.-China tariff detente.
West Texas Intermediate crude for October delivery fell 24 cents, or 0.4%, to...